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Asking Price$125,000
Revenue$575,116 Established2003
Cash Flow$125,068 Employees3 full, 7 part
FF&E$150,000 FranchiseNo
Inventory$10,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
New American Bar & Restaurant. *SELLER WILL ENTERTAIN ANY REASONABLE OFFER* Established for 14 years, this restaurant is located in a very affluent area of Westchester and caters to a high end clientele. There is great walking traffic and public parking. The space is 1,600 sq. ft. with a full basement, including a prep area and walk-in boxes. The dining room is on the main floor with seating for 45, plus a 14 seat bar. There is a full liquor license until 3 am. They are open 6 days per week, Mon. - Wed. 5pm-Closing and Th-Sat. 11:30am- Closing (M-W only dinner service, no breakfast or lunch). A new owner can keep the current concept or bring in something new. There are 6.5 years left on the current lease at a rent of $6,300/mth and 3% annual increases. The lease can be extended for a qualified tenant with good credit. In the past year the business grossed approx. $624,000.00 with a net cash flow of approx. $125,319.00. THE CURRENT OWNER IS NOT THE HEAD CHEF. The business is fully staffed. We are seeking a serious and financially qualified buyer with at least $170K in liquid funds to cover the asking price and approx. $20K in rent security. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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Training/Support:The seller will train the new owner.
Sale Reason:Retirement.
Ad #95440
Seller Reference #29958
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